Intellus Advisors LLC Purchases 4,902 Shares of Raymond James Financial, Inc. $RJF

Intellus Advisors LLC raised its position in Raymond James Financial, Inc. (NYSE:RJF) by 71.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,801 shares of the financial services provider’s stock after buying an additional 4,902 shares during the period. Intellus Advisors LLC’s holdings in Raymond James Financial were worth $2,037,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of RJF. Advisory Alpha LLC purchased a new stake in shares of Raymond James Financial during the third quarter valued at approximately $231,000. Dimensional Fund Advisors LP boosted its position in Raymond James Financial by 10.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,357,328 shares of the financial services provider’s stock worth $406,941,000 after purchasing an additional 227,337 shares during the last quarter. Cresset Asset Management LLC grew its stake in Raymond James Financial by 39.8% in the 3rd quarter. Cresset Asset Management LLC now owns 3,313 shares of the financial services provider’s stock valued at $572,000 after purchasing an additional 944 shares during the period. Level Four Advisory Services LLC grew its stake in Raymond James Financial by 13.9% in the 3rd quarter. Level Four Advisory Services LLC now owns 3,280 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 400 shares during the period. Finally, CI Investments Inc. increased its position in shares of Raymond James Financial by 28.8% during the 3rd quarter. CI Investments Inc. now owns 1,034 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 231 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Financial Stock Down 2.7%

RJF stock opened at $152.11 on Friday. The stock has a fifty day moving average of $163.81 and a 200-day moving average of $163.94. Raymond James Financial, Inc. has a fifty-two week low of $117.57 and a fifty-two week high of $177.66. The company has a market capitalization of $29.98 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.04 and a current ratio of 1.06.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Raymond James Financial had a return on equity of 17.65% and a net margin of 13.07%.The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.93 EPS. As a group, equities research analysts predict that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. Raymond James Financial’s payout ratio is 21.14%.

Insider Activity at Raymond James Financial

In related news, insider Paul C. Reilly sold 130,687 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $163.15, for a total transaction of $21,321,584.05. Following the sale, the insider directly owned 260,546 shares in the company, valued at approximately $42,508,079.90. This represents a 33.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley reiterated a “positive” rating on shares of Raymond James Financial in a research note on Monday, December 22nd. Barclays assumed coverage on shares of Raymond James Financial in a report on Wednesday, January 28th. They set an “overweight” rating and a $191.00 price objective for the company. Weiss Ratings raised shares of Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. UBS Group set a $176.00 target price on shares of Raymond James Financial and gave the company a “neutral” rating in a research report on Thursday, December 11th. Finally, TD Cowen restated a “hold” rating on shares of Raymond James Financial in a research note on Wednesday, January 14th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $182.17.

Raymond James Financial Profile

Raymond James Financial is a diversified financial services firm headquartered in St. Petersburg, Florida. Founded in 1962, the company provides a range of services to individual investors, businesses and institutions through a combination of wealth management, capital markets, investment banking, asset management, banking and trust services. Its business model centers on a network of financial advisors and broker-dealer operations that deliver personalized financial planning, investment advisory services and brokerage solutions.

The firm’s core offerings include private client wealth management delivered by independent and employee advisors, equity and fixed-income research, institutional sales and trading, and investment banking services such as mergers and acquisitions advisory and capital raising.